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Schemes

All You Need To Know About Sukanya Samriddhi Yojana (SSY)

Sukanya Samriddhi Yojana (SSY) is a Government of India savings scheme that is a part of the Beti Bachao, Beti Padhao scheme. The parents of a female child under the age of 10 can register for a Sukanya Samriddhi Yojana account at post offices or banks. The Sukanya Samriddhi Yojana account will remain active until the female child reaches the age of 21 or if she is married after reaching the age of 18. The Sukanya Samriddhi Yojana scheme is to encourage parents to invest in their daughters’ education so that they will have access to funds to pursue their higher studies and have a foundation for a good future. [B-01] Sukanya Samriddhi Yojana’s Eligibility Criteria Since the Government of India has made the Sukanya Samriddhi Yojana scheme available to all, you can create an account at any post office or bank. These are the eligibility criteria for creating a Sukanya Samriddhi Yojana account: Only a female child’s parents or guardians may create a Sukanya Samriddhi Yojana account. The female child must be under 10 when the account is opened. The account can remain active until the female child reaches turns 21. The first investment may start at Rs. 250 and the maximum investment amount is Rs. 1,50,000. A single female child cannot have multiple Sukanya Samriddhi Yojana accounts. Each family is only allowed only two Sukanya Samriddhi Yojana accounts, for two daughters only. A third account can be opened if a female child is born before twin or triplet daughters. A third Sukanya Samriddhi Yojana account can’t be created if a female child is born after twins or triplet daughters. How To Open A Sukanya Samriddhi Yojana Account You can open a Sukanya Samriddhi Yojana account at any licensed post office or bank by following these steps: Visit your local post office or bank to create a new Sukanya Samriddhi Yojana account. Complete the registration form with the required information and documents. Submit the initial cash deposit, check or demand draft. This initial amount can be from Rs. 250 to Rs. 1.5 lakh. The post office or bank will process your request and transaction. After verification and processing, your Sukanya Samriddhi Yojana account will be activated and a passbook will be issued. Sukanya Samriddhi Yojana Required Documents When opening your Sukanya Samriddhi Yojana account at the post office or bank, these are the required documents: Female child’s birth certificate Verification of the parents’ identity and residence Other KYC documents include voter’s ID, Aadhaar card and more Any other important documents requested by the post office or bank Benefits Of The Sukanya Samriddhi Yojana Scheme Sukanya Samriddhi Yojana, created as part of the Beti Bachao, Beti Padhao Yojana scheme, provides many benefits including: High Interest Rates Compared to other Government tax relief plans like PPF, the Sukanya Samriddhi Yojana scheme provides a good interest rate of 7.6 percent. Guaranteed Returns Because the Sukanya Samriddhi Yojana is a Government of India-issued plan, the funds are safe. Tax BenefitsThe Sukanya Samriddhi Yojana (SSY) scheme provides tax advantages up to Rs. 1.5 lakh per year. Adaptable Investments A minimum investment of Rs. 250 and a maximum investment of Rs. 1.5 lakh can be made per annum. This covers a wide range of people who have the flexibility to invest according to their financial situation. Benefits of CompoundingThe Sukanya Samriddhi Yojana scheme is a beneficial and lengthy investment plan since it offers yearly compounding. As a result, even small deposits can offer long-term profits. Easy Transfers The Sukanya Samriddhi Yojana account which is handled by the female child’s parents or guardians can be easily moved from one part of the country to another. Disadvantages Of The Sukanya Samriddhi Yojana Scheme Any investment plan has both pros and cons. Some of the disadvantages of the Sukanya Samriddhi Yojana scheme include: Set Maturity PeriodThe Sukanya Samriddhi Yojana scheme reaches its maturity at 21 years. Limit Of Two AccountsOnly two Sukanya Samriddhi Yojana accounts can be created. If a person has 3 daughters, that child will not be able to benefit from this scheme. But there is an exception when twins or triplets are born. No Early Withdrawal Except for the unfortunate demise of the female child, early withdrawal is not allowed. Varying Interest Rates The Sukanya Samriddhi Yojana scheme can adjust the interest rate charged on all small savings accounts every three months. Points To Know About The Sukanya Samriddhi Yojana Scheme These are some points to keep in mind about the Sukanya Samriddhi Yojana scheme: Account Maintenance and ChargesA discontinued account may be activated after paying a Rs. 50 fine for each year that payments were not made, in addition to the missed payments. Term Sukanya Samriddhi Yojana deposits must be paid for 15 years, from the time the account is opened. Early closure is allowed after 5 years in certain circumstances such as the demise of the female child or the parent/guardian. Account OwnershipParents of female children below the age of 10 handle their accounts. Once the children reach the age of 18, they can legally handle their Sukanya Samriddhi Yojana accounts. NomineesNominations are not included in the Sukanya Samriddhi Yojana scheme. [B-02] Conclusion The Sukanya Samriddhi Yojana scheme is a tax-free limited savings plan for female children in India which came into effect on 22 January 2015. Parents or guardians of female children can open a Sukanya Samriddhi Yojana account in their daughter’s name at their nearest post office or local bank branch with a minimum deposit of Rs. 250. This Government of India scheme aims to help parents who want to save money for their female children’s education. In helping parents invest money, the Sukanya Samriddhi Yojana scheme helps pave the way for female children’s future education. For more articles like one on different Government of India schemes, visit Piramal Finance to learn more!
08-11-2023
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Other

All You Need To Know About Online Fraud And How It Happens

Online fraud has always been around. The shifting of commerce over to the internet has caused fraudulent parties to quickly set up their online fraud schemes. Although online fraud was always on the rise, it has become more prevalent post covid. The loss of jobs and the rising difficulty in finding new ones have led to the growth of more internet fraudsters than ever before. In these testing times of great vulnerability, it is important to keep a lookout for different kinds of fraudsters to stay safe online. Read along to find out the different types of online fraud and what you can do to better prepare yourself against it. [B-01] How does Online Fraud happen? Fraudsters often disguise themselves to be officials who demand seemingly unimportant information from you. You must know what potential the information that you allow others to have access to holds. It may seem negligible when you are bombarded with spam emails. But the source and frequency of these emails can tell you whether these are signs of online fraud. There is more to the spam SMS that you wake up to than what meets the eye. Some of the easy touchpoints for online fraudsters are as follows: Spam emails Spam calls Redirecting website traffic to websites of their choice Inserting malware into smartphones SMS and instant messaging What makes Online Fraud prevalent? Despite all the firewalls built around to prevent online fraud, fraudsters still get away with committing fraudulent crimes. It is becoming increasingly difficult to track them down since with an increase in people using online services there is an even bigger soar in the surfacing of online fraudsters. This has two potential explanations: One: Credit card information is easy to buy off and circulate. Fraudsters usually work in teams and work for glitches to work their way through and access sensitive information. Two: Online fraud is usually of the lowest tiers of priority when it comes to prosecution. It may not always be the first form of crime to be provided with redressal. This is due to the resource and time constraints that are attached to the sensitivity of information online. It isn’t easy to tap into private information within a short period. Different forms of Online Fraud Online fraud has varied forms; you must differentiate and analyse all its forms to stay better prepared. Listed below are some of the most prevalent forms of online fraud: Identity theft When a fraudster uses personally identifiable information that aids in illegal impersonation, it is categorised as identity theft. This is one of the most common kinds of online fraud, as it is easy for fraudsters to leak information to other fraudulent websites. This is done through various methods such as hacking passwords, getting hold of security codes, etc. Friendly fraud This type of fraud takes place in a very unassuming way. When a fraudster gets hold of your purchase information, it is easy for them to make changes to your purchases. The fraudster may claim that the order never reached them or that they had made the payment twice to benefit from the service provider. Physical fraud This is the most predictable type of fraud: a fraudster stalls your credit/debit card and makes purchases in your name. It is important to take immediate action if you realise that your card has gotten stolen or has gone missing. Disguised phishing In this type of online fraud, your credit card information or other sensitive personal detail is extracted via a fraudulent SMS or email and used to make unauthorised purchases. Beware of messages that ask you to click on a link or install faulty malware. Fraudsters online often pose to look credible and promising. Triangulation fraud This type involves the fraudster setting up a fake website that is very similar to a real one. When you order something from this website, this transaction is used to collect your data and credit card information. Once the fraudster gets their hand on this information, they order off the real website and send the order to you. This order would have been purchased with your credit card details, and you ended up paying twice. Preventive measures against online fraud With adequate knowledge and precautionary measures, you can stay away from online fraudsters. Use an up-to-date and reliable third-party payment processor Use credit code verification (CVV) and address verification systems (AVS) Make sure all the websites you purchase from are secured with HTTPS If you run an online business, use updated and high-quality software to protect it While doing high-risk transactions, invest in a good fraud detection software If you run an online business, make sure your fraud risk assessment is in check [B-02] Conclusion Online fraudsters have been better equipped than ever to access personal information. The government has even launched a national helpline to better contain online fraud. The helpline is controlled by the state police and functions in several states and union territories. The defrauded money is tracked along its trail, and measures are taken to stop its further flow. Even public and private sector banks are on board with the helpline and its reporting platform to better assist customers like you to stay protected against fraud online. But prevention is better than cure, and being aware of the different perils of online fraud can help you conduct easy and secure transactions. It is important to ask the right questions and to seek the right solutions. That is why financial advisors such as Piramal Finances are much sought after. Because when it comes to putting your hard-earned money online, it is important to be cautious every step of the way.
08-11-2023
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Business Loan

Why Should You Choose a Piramal Finance Business Loan?

When you are a business owner, you must ensure that there is enough money to take care of all business-related costs. You may need money for daily expenses, acquiring assets, buying raw materials, and much more. But as is the case with most business ventures, you may face cash flow problems at some point. As a result, there might be problems running your business operations smoothly. Why face such a scenario when you can opt for a business loan? Many banks and NBFCs offer business loans to owners whose profiles meet their rules and have a good credit history. Based on how much money you need, you may or may not need to offer security for a business loan. Thanks to the internet, now the process for a business loan has become very quick as you can apply for an online business loan in a few minutes. If you want a great deal on your business loan interest rate and want a high-value loan, then your search ends with Piramal Finance. They offer great deals on business loans and complete the process in a few days. Read on to learn why a Piramal Finance business loan is your best option. [B-01] Piramal Finance business loans Taking a business loan involves risk, and you must select the best lender for this need. If you opt for a private lender, they might charge a very high business loan interest rate, putting your business at risk. Hence, you must compare various aspects of the business loan before you select one. Piramal Finance is a well-known NBFC in India that offers various loans. They can offer you very good deals if you need an affordable business loan interest rate in a short time. Over the years, Piramal Finance has made a great name for itself in the market and helped many business owners grow quickly. Some of the business loan types that Piramal Finance offers are: Secured Business Loan: You must offer security to get this online business loan. This security can be an asset or a property in your name. You can get a business loan of up to Rs. 25 lakhs at a low business loan interest rate that starts from as low as 12.5% p.a. Unsecured Business Loan: If you do not offer security, you can go for this business loan. You can get a loan amount of up to Rs. 10 lakhs with this facility and can use the amount for any business purpose that you may have. The loan tenure, in this case, is 36 months. Loan Against Property (LAP): If you have great business plans but are short on money, then a LAP is a great option. You will need to offer a property as security for this business loan. Then you can get a loan of up to Rs 3 crore for any business purpose that you may have. The business loan interest rate, in this case, will start at 11.5%. Working Capital Loan: If you need money to pay for daily expenses like salary, wages, freight, utilities, etc., then you can get a working capital loan from Piramal Finance. Here, you can get a loan of up to Rs 10 lakh quickly and then take care of any urgent needs that your business has. Debt Consolidation Loan: If you have many debts in your business with high interest rates, then you can opt for a business loan. With interest rates starting at as low as 11.5%, this loan can help you pay off all the debt, and you will only have to pay a single EMI, which is easy to handle. Professional Loans: If you are a doctor, engineer, CA, CS, or any other professional and want to start your practice, then Piramal Finance offers a great online business loan. You can use this loan to set up your office and give wings to your dreams. Why Choose Piramal Finance Business Loan? Many reasons make an offline or online business loan from Piramal Finance a great option. Some of the main benefits are listed here: Process: Most of the business loan process is completed within a few minutes. The only offline part will be to verify your details. The entire process takes a few days, and the money is credited to your account within a few hours after approval. High-Value Loans: You can get a secured business loan of up to Rs. 3 crores and an unsecured loan of up to Rs. 10 lakhs from Piramal Finance. Such high-value loans can not only pay for urgent needs but also grow your venture quickly. Multiple options: You can opt for a range of business loans as per your needs. This includes secured loans, unsecured loans, LAP, debt consolidation loans, professional loans, and many others. The amount will depend on your profile, credit history, profitability, and needs. Low Interest: You can avail of a low business loan interest rate for your loan from Piramal Finance. Interest rates for secured loans start at as low as 11.5%. This means lower EMI and less stress on the finances. [B-02] Final Takeaway Hence, taking a business loan from Piramal Finance can be a good option when you need money for your business. They provide many types of loans to help you take your venture to the next level. For more information, you can go to the Piramal Finance website and learn how to get a business loan at affordable rates.
08-11-2023
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GST

Apply for GST Business Loans in India

Many loan seekers often find themselves in a state of urgency without proper funding or capital. The long duration of filing for loans and the sheer number of documents to be submitted do not help in these situations. But a GST business loan is an opportunity for GSTIN holders to avail themselves of collateral-free business loans. You do not have to mortgage any property. The loan is paid by your GST return. This aids in boosting your business. It is one of the most beneficial aspects of having a GST registration. Based on the GST returns provided, lenders assess borrower eligibility and approve a suitable loan amount accordingly. Companies and establishments can avail themselves of high-value GST loans. These offer solutions for quick business financing. This is an ideal opportunity for working capital funding needs both in the long and short term. [B-01] Perks of a GST business loan A GST business loan is one of the most beneficial loan sources provided in our country. The only document required for a GST business loan is your GST return document. Some of the vital positives of a GST business loan are: Free of collateral GST business loans remove the need for submitting a lot of paperwork to pass a loan. It is a very common situation that SME business owners find themselves in when they are denied a loan due to a lack of collateral. Under the GST loan, you can submit your returns and KYC documents along with a few essential business details. You can easily get a business loan based on the GST number. Faster disbursals Waiting for loan approval can be tiresome. As a business owner, you might not always have that much time at your disposal. Your operational cycles may be interrupted. The delay could negatively affect your production. Or you may even miss out on a potential business opportunity. Whatever it may be, it is of no use to stand and wait long hours when you can easily have access to GST loans. Under the MSME GST loan scheme, it is possible to avail of quick loans just by uploading your documents online to your lender’s site. It lets you keep your business on track. Whether you need money for a purchase or cash flow to grow your business, if you file your GST on time, your loan will be approved. Make sure to file your returns on time. Doing so can help you take control of your business. The GST is mandatory for business loans. Multi-purpose loans While filing for a GST business loan, the provider does not ask you the purpose of your loan. The funds available can be used for any commercial purpose. This makes it a very flexible loan choice. You can use it to meet your working capital requirements, equipment purchases, and business expansion, among other things. When to take a business loan A GST business loan is an efficient choice for a lot of reasons. But the two most important reasons that make a business loan a pressing choice are as follows: Urgent working capital requirements If your establishment is short on working capital, then GST loans are the way to go to get immediate funding for your account. Because of the factors mentioned earlier in this article, a GST business loan is a quick and easy way to get funding without the conventional time delay. Lacking financial documents Filing for GST on time is crucial to acquiring a business loan on time. It’s okay if your documents aren’t in place or if there are a few lacking documents. The biggest advantage of a GST loan is that lenders look for a bare minimum of financial records in addition to your GST return when approving your GST loan. Eligibility and documents required for a GST loan As the name suggests, a GST business loan can only be used for business purposes. Private limited companies, partnership firms, public limited companies, and sole proprietorships are all eligible to avail of a GST loan. It has also been seen that the different interest rates on GST for different types of businesses are caused by your credit history, the nature of your business, and the amount of your GST return. The documents required for GST loans, although few, are to be viewed very carefully. The standard documents for any GST business loan approval are the latest GST invoice sheet, a copy of your PAN card, and a duly filled application form. If you are looking for funding help for over Rs 20 lakh, it is mandatory to furnish the last two years’ audited financial statements, such as the profit and loss statement, balance sheet, and the last two years’ Income Tax Return (ITR). [B-02] In conclusion Insufficient documentation and a lack of collateral are two main reasons that prevent SMEs and other establishments from having access to business loans. Individuals who are just beginning to establish their businesses find themselves in a more difficult situation. A GST business loan is of primary importance in these situations. This is because you can obtain funds quickly and efficiently without having to deal with tedious paperwork or long lists of collateral. It is mandatory that, just like any business loan, a GST loan be repaid with the interest amount every month. To learn more and gain knowledge about GST Business Loans, connect with the financial experts at Piramal Finance.
08-11-2023
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Home Loan

Best Offer on Home Renovation Loan This Diwali

All home’s lustre fades and mechanical issues crop up with time. Weather, natural disasters, and old faulty wires can cause problems. Thus, maintaining and renovating your house is necessary. But routine home renovations and repairs are expensive. Prices of materials and labour are on the rise. So let’s learn more about a simple solution: home renovation loans. [B-01] What is a home renovation loan? A home renovation loan is a loan you can use for different house-related objectives. For example, you are making repairs or upgrades or aesthetic changes. They function like home loans. A home loan buys you a property, while a home renovation loan helps with renovation costs. There are two main categories of home renovation loans: secured and unsecured. 1. Secured home renovation loans If you provide an asset as collateral when taking out the loan, the loan is secured. The advantage of this type of loan is that you can borrow more at a lower interest rate and a longer tenure. The interest on this loan is also deductible. 2. Unsecured home renovation loans This loan is riskier for the lender because it does not have collateral in the form of a house. Smaller loans carry a higher interest rate and must be repaid in less than 10 years. Interest on these loans is not deductible and depends on borrowers’ credit histories. What are the Eligibility Criteria? The eligibility criteria for a home renovation loan are comprehensive. They are different for both salaried and self-employed applicants. What are the criteria for salaried applicants? Age: 21-70 years Employment type: working in a Government institution, Public Sector Undertaking, Private-Sector Companies, etc. CIBIL score What are the criteria for self-employed applicants? Age: 23-70 years Employment Type: Self-employed professionals like doctors, CAs, architects, etc. with their practice can apply. Self-employed Non-Professionals, Business Owners, Proprietorship, and Partners of a Partnership Firm can apply. What documents do I need to submit? You need to provide proof of all details you provide on the application. These documents need to be attached with your application. General documents everyone needs to submit. Application form with a recent photograph Proof of Identity (Passport, driving license, Aadhaar card, voter’s identity card, etc.) Proof of Income (Salary Slips of 3 months, bank statement of 6 months) Proof of Residence (Passport, driving license, Aadhaar card, utility bills, job card issued by NREGA, etc.) Documents for collateral if asked Documents for salaried applicants. ITR for the latest 2 years Form 16 Documents for self-employed applicants. Last 2 Years ITR / CA Audited Financials Where Ever Applicable The lender may ask you for additional documentation not listed here. What are the fees on home renovation loans? Here are the charges associated with the home renovation loan: Processing fees: 3% of loan amount + Taxes Part prepayment/pre-closure charges: approximately 2% of the loan amount Others such as (EMI reschedule charges, statement charges, and certificate issuance charges): Rs. 500-5000 + taxes (depending on the document/service) What are the loan interest rates? Interest rates for home renovations are not fixed but depend on factors such as: Your credit history The loan amount requested The loan term requested Interest rates for home renovations are lower than those on conventional mortgages. A fixed-rate agreement and a floating interest-rate plan are available. Before deciding on the best renovation loan, compare the rates various lenders offer. If you have other demands, you will see that some lenders offer tailored services. What is the after-renovation value? The after-renovation value of a home is a primary consideration in determining the principal amount of a loan for home renovations. When determining your eligibility, lenders perform some prerequisites. Lenders often look at the estimated worth of a home after repairs and upgrades. As a result, you can get access to larger amounts for home renovation loans. The only loan offering money based on the future value of the home is a home renovation loan. Home renovation loans are a good funding source. They are also a wise investment because of the rising real estate value. When should you consider applying for a home renovation loan? You can apply for a loan if you are sure the property value will increase. Only borrow money to renovate your home if you are positive it will increase the property value. You can recoup more of your investment in home renovations than you put into them when you sell your house. You can get a loan to renovate certain areas of your home. Renovating your attic, basement, bathroom, or front door is an excellent investment. By renovating these parts of the home, you are increasing the value. At the same time, you are not renovating the house. Put your money where it will do the best if you want to increase the resale value of your home. You are sure the renovation will reduce expenses. If a repair will reduce your monthly expenses or make your home safer, it is wise to use home renovation loans. Repairs to the roof, siding, and windows fall under this category. They contribute to the weatherproofing and efficiency of your property. If you are sure the renovation is important and will increase the property value, you can apply for a home renovation loan. [B-02] Conclusion A home renovation loan can help you remodel a home without breaking the bank. After verifying your eligibility, you can apply for a house renovation loan. Also, you can improve your loan approval odds by ensuring you meet all requirements. You should ensure that the loan’s terms and interest rates match your finances. Applying for loans outside your borrowing capacity can create financial risks for you and your family. It is a good idea to consider a cost-benefit analysis before you apply for a home loan. If you are looking for the best home renovation loan, Piramal Finance is the way to go!
08-11-2023
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Electronics

Best Gaming Laptops In India- Price & Specs

Choosing the ideal laptop for gaming is difficult. However, it is important to consider the device’s processing power, screen size, and other critical aspects to pick the ideal buy for casual and serious gaming. The price tag is also important to consider while shopping online for a laptop computer designed for gaming. Thanks to the high-quality visuals, powerful graphics processor, and other features available on today’s laptops designed for gamers, you won’t have to worry about any stuttering or delays in your favourite games. There is enough diversity on the market for you to feel overwhelmed by the sheer number of laptops available, as they span virtually every price point. Our compiled list of recommended options will help you narrow your search for the ideal gaming laptop. If you’re looking for a new device to play your favourite games whenever you like, this list will help you narrow down your options based on factors such as cost, processing power, screen size, and more. You can find the best gaming laptops on the internet, and this information will help you choose the perfect one by letting you compare the most popular models. Besides, you need to consider your budget to purchase the finest gaming laptop without breaking the bank. [B-01] Best Gaming Laptops in India Here, we’ll go over the greatest gaming laptops for less than Rs. 1 lakh, which are most people’s favourites. We considered price, graphics, processing power, and RAM capacity when selecting the greatest gaming laptops for under Rs. 1 lakh. HP Victus: Rs. 62,999 Pros Anti-glare screen Powerful graphics card support Affordable price Large display Cons Less RAM Features Processor: AMD Ryzen 5600H Graphics Card: 4GB DDR6 GTX 1650 RAM: 8 GB Review The HP Victus is our pick for the finest gaming laptop in general. This notebook features an AMD Ryzen 5 5600H processor and up to 8 GB of RAM. Its sleek, mica-silver chassis houses a massive 16.1-inch display and up to 512 GB PCIe NVMe TLC M.2 SSD storage capacity. The HP Victus is equipped with the latest AMD Ryzen 5 processor, making it capable of running numerous programmes simultaneously. The processor is robust enough to handle taxing activities like gaming and editing software while being effective enough to provide a long-lasting battery. This laptop’s 16.1-inch HD display and AMD Ryzen 5 chip make it a great choice for gaming and watching movies. The GTX 1650 GPU and up to 32 GB of RAM make for outstanding images on the laptop’s 16.1-inch screen. Dell G15 5511: Rs. 97,500 Pros Powerful processor Superior performance No heating issues Nice design Cons Pricey Features Processor: Intel Core i5 11400H Graphics Card: 4GB DDR6 GTX 1650 RAM: 16 GB Review Dell’s G15 5511, with its 11400H CPU and 16 GB of RAM, is a powerful laptop. This laptop has a 15.6-inch 250-nit Full High Definition (FHD) Wide View Angle (AG) display with Full High Definition (FHD) Wide View Angle (AG). The laptop is quick, and its ergonomic form and built-in cooling system add to its other positive qualities. For example, in addition to the 512GB of SSD storage, it has an RTX 3050 Ti graphics card for running games and other resource-intensive programmes without a hitch. If you’re looking for a professional-grade laptop with dedicated graphics processing, look no further than the Dell G15 5511. It’s one of the most in-demand items on the market because of its stylish style and high specifications. This laptop’s Intel Core i5-11400H processor with 16GB of DDR4 RAM ensures brisk performance in video games, movies, and other resource-intensive tasks. It has an RTX 3050 Ti GPU with 4GB of GDDR6 and can run multiple 4K displays at the same time. Lenovo IdeaPad Gaming 3 (Core i5): Rs. 57,999 Pros Efficient processor speed Affordable price Impressive graphics support Anti-reflective display Cons Limited RAM Features Processor: Intel Core i5 10300H Graphics Card: 4GB DDR6 GTX 1650 RAM: 8 GB Review The Lenovo IdeaPad Gaming 3 comes standard with a 10300H processor and 8GB of RAM, both of which are upgradeable to a maximum of 16GB. This laptop costs approximately Rs. 57,999. In addition to a 15.6-inch Full HD screen, you’ll be offered a free upgrade to Windows 11 when it becomes available. The Lenovo IdeaPad Gaming 3 is a powerful gaming laptop with all the specs and features that a serious gamer might want. This laptop is it if you’re looking for a gaming laptop that won’t break the bank. This gaming laptop features an Intel Core i5 CPU that you can push to 4.5 GHz and an 8 MB cache. These features make it suitable for demanding gaming without experiencing excessive glitches in performance now and then. It’s built for gaming and regular use thanks to its 512 GB of SSD storage and 8 GB of RAM (expandable to 16 GB). HP Pavilion Gaming: Rs. 61,990 Pros Excellent value-for-money Excellent build quality Beast in terms of gaming Superb performance Cons Less RAM Features Processor: AMD Ryzen 5 5600H Graphics Card: 4GB DDR6 GTX 1650 RAM: 8 GB Review The HP Pavilion Gaming laptop boasts the industry’s most potent graphics processing unit, the industry’s quickest central processing unit, and a 15.6-inch screen. If you’re looking for a gaming laptop, look no further; this one has top-tier specs without breaking the bank. If you want a top-notch gaming computer, look no further than the HP Pavilion Gaming. It has a powerful graphics card—the GeForce GTX 1650 4 GB GDDR6—that can handle leisure and professional gaming demands. It also has 512 GB of PCIe NVMe M.2 SSD storage and 8 GB of DDR4-3200 RAM. Lenovo Ideapad Gaming 3 (Ryzen 7 5800H): Rs. 72,990 Pros Impressive RAM Excellent graphics support High-quality display Easy to operate Cons The build quality could have been better. Features Processor: AMD Ryzen 7 5800H Graphics Card: 4GB DDR6 GTX 1650 RAM: 16 GB Review The Lenovo Ideapad Gaming 3 has a 15.6-inch Full HD screen and a shadow-black chassis. There isn’t a better low-cost laptop with 16 GB of RAM than this one, and you can acquire it for only about Rs. 72,390. It has powerful hardware, like an AMD Ryzen 7 5800H processor and GTX 1650 4GB GDDR6 graphics. The IdeaPad Gaming 3 from Lenovo is a robust and reasonably priced gaming laptop, boasting the most recent AMD Ryzen 7 5800H, 16GB of RAM, and 512GB of SSD space. With a 45Wh battery and up to 4.5 hours of runtime, and with 4GB of GDDR6 graphics performance, games and other content creation software will run more smoothly than before. This gaming laptop is one of the best because it has a powerful dual-core processor and better graphics performance, among many other things. [B-02] Conclusion We intend this information to be useful in locating the best gaming laptop in India. These were the top 5 gaming laptops in India, so pick one of those if you’re a gamer. You’ll have the best gaming experience on these laptops, which are within your budget and have the best processors and graphics processing units (GPUs). If you’re looking for a personal loan to buy a new laptop, don’t worry; apply for a quick personal loan and get instant funding!
08-11-2023
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Mutual Funds

Best Performing SIP Mutual Fund to Invest in?

Systematic investment plans (SIPs) are a wise strategy to build wealth. A SIP allows you to invest regularly in a mutual fund. It’s common to make an initial commitment while engaging in investing. But, a SIP investment allows you to invest tiny amounts on an as-needed basis. This characteristic is helpful for beginner or inexperienced investors. There are many categories of MFs, but you should select an MF based on how much risk you can take. You can evaluate your risk based on your goal. Here is a list of top-performing MFs. [B-01] What is the best-performing SIP mutual fund to invest in? Low-risk SIP mutual funds HDFC Credit Debt Risk Fund – Direct-Growth Plan HDFC Credit Debt Risk Fund was launched on Mar 06, 2014. The minimum SIP investment in this mutual fund is Rs. 300. The mutual fund type is debt (credit risk). The fund has provided 3-year returns of 7.07% and 5-year returns of 6.92%. You can get an average return per annum of 8.97%. Quant Infrastructure Fund Quant Infrastructure Fund was launched on Jan 01, 2013. The minimum SIP investment in this mutual fund is Rs. 1000. The SIP mutual fund type is equity social infrastructure. The fund has provided 3-year returns of 40.7% and 5-year returns of 22.2%. You can get an average return per annum of 17.25%. ICICI Prudential Regular Savings – Direct Growth ICICI Prudential Regular Savings Fund was launched on Jan 01, 2013. The minimum SIP investment in this mutual fund is Rs. 100. This is a conservative hybrid fund. The fund has provided 3-year returns of 9.74% and 5-year returns of 8.98%. You can get an average return per annum of 10.63%. Moderate-risk SIP mutual funds Mirae Asset Large-Cap Fund Mirae Asset Large-Cap Mutual Fund was launched on Jan 01, 2013. The minimum SIP investment in this fund is Rs. 1000. This is an equity large-cap fund. The fund has provided 3-year returns of 16.28% and 5-year returns of 12.66%. You can get an average return per annum of 17%. Quant Absolute Fund – Direct-Growth Quant Absolute Fund was launched on – Jan 01, 2013. The minimum SIP investment in this fund is Rs. 1000. This is an aggressive hybrid fund. The fund has provided 3-year returns of 31.58% and 5-year returns of 21.29%. The average return per annum of Quant Absolute Fund is 18.18%. Baroda BNP Paribas Conservative Hybrid Fund Baroda BNP Paribas Conservative Hybrid Fund was launched on Jan 01, 2013. The minimum SIP investment in this fund is Rs. 500. This is a conservative hybrid fund. The fund has provided 3-year returns of 7.8% and 5-year returns of 7.63%. The average return per annum of this fund is 9.44%. Robeco Bluechip Fund – Direct-Growth Plan Robeco Bluechip Fund was launched on Jan 01, 2013. The minimum SIP investment in this fund is Rs. 1000. This is an equity large-cap fund. The fund has provided 3-year returns of 18.65% and 5-year returns of 15.5%. The average return per annum is 14.88%. High-risk SIP mutual funds BOI AXA Small Cap Fund Direct-Growth BOI AXA Small Cap Fund was launched on Nov 28, 2018. The minimum SIP investment in this fund is Rs. 1000. This is an equity small-cap fund. The fund has provided 3-year returns of 40.83%. The average return per annum is 31.33%. Axis Bluechip Fund Axis Bluechip Fund was launched on Jan 01, 2013. The minimum SIP investment in this fund is Rs. 100. This is an equity large-cap fund. The fund has provided 3-year returns of 13.53% and 5-year returns of 14.02%. The average return per annum is 15.26%. Mirae Asset Tax Saver Fund Mirae Asset Tax Saver Fund was launched on Nov 20, 2015. The minimum SIP investment in this fund is Rs. 500. This is an ELSS fund. The fund has provided 3-year returns of 20.99% and 5-year returns of 15.62%. The average return per annum is 19.92%. Kotak Bluechip Fund Kotak Bluechip Fund was launched on Jan 01, 2013. The minimum SIP investment in this fund is Rs. 1000. This is an equity large-cap fund. The fund has provided 3-year returns of 17.45% and 5-year returns of 13.31%. The average return per annum is 14.67%. Quant Tax Plan Direct-Growth Quant Tax Plan Direct-Growth was launched on Jan 01, 2013. The minimum SIP investment in this fund is Rs. 500. This is an ELSS fund. The fund has provided 3-year returns of 40.66% and 5-year returns of 23.69%. The average return per annum is 21.74%. How do SIP mutual funds work? Understanding a mutual fund SIP plan is not difficult. A single SIP investment can be as little as Rs. 100 and made at any frequency over a period. Weekly, monthly, or quarterly contributions are also acceptable. Gains from a SIP compound over time, increasing the total amount earned. In its simplest form, the SIP plan functions like a savings account. Regular deposits of small amounts eventually add up to a sizable sum. SIPs help people develop a habit of saving money regularly. Why invest in SIP mutual funds? They help with money management. In a mutual fund plan, regular investments are a part of implementing a SIP. For those who can only afford to put away a little bit each month, SIPs are a godsend. They are easy to use and practical. You need to choose only the frequency and total amount of SIP. On the due date, the bank will automatically deduct the specified amount. You can easily monitor each SIP in a mutual fund. Stopping a SIP is easy and can be done anytime. They help with financial planning. Although saving is not a walk in the park. If you plan, you will find it much easier to save and invest. Investing regularly is a smart way to save money. Thus, investors need to make saving and investing a habit. [B-02] Conclusion SIP mutual funds are a common choice among individuals seeking to invest their own money. Investors in India can choose from thousands of different mutual fund schemes. However, picking the top mutual funds is a difficult task. Your investment objectives, level of comfort with risk, and time horizon will determine which of the top mutual funds is right for you. Want to learn more about investing, mutual funds, and personal finance? Visit our blog!
08-11-2023
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Personal Loan

Get An Instant Personal Loan To Buy Home Appliances (Consumer Durable Loan) Online

Is an instant personal loan a good idea? How do you obtain it? Consumer durable loans have been popular for a long time, but as the digital world grows, more and more people want to own consumer goods. A “consumer durable loan” is a non-traditional form of consumer financing that can help many people buy things like refrigerators, washing machines, LED TVs, air conditioners, supermarket microwave ovens, furniture, and clothing. [B-01] Advantages of a personal loan With no interest You can get a personal loan for home appliances with low monthly payments and no interest. You don’t have to put anything up as security when you seek a loan from us on a consumer durable. Accepted Immediately You may now verify your eligibility online, which should take you no more than two minutes. You may start buying immediately since our approvals are swift, no matter where you are. The consumer durable loan application procedure is easy and durable. Only documentation has to be completed. You will need to supply basic “know your customer” (KYC) documentation and personal information to apply for a consumer durable loan. Why is a consumer durable loan in higher demand? Rising prices and changing customer needs are solved by the best personal loan for home. You can buy a washing machine or an LED TV with this loan. Find a new washing machine or a big LED screen here. After a long day, escaping the oppressive heat in an air-conditioned room is enough to make anyone happy. Due to the high cost of home appliances, many people can’t afford to have fun. You won’t have to worry about how to pay for TVs, refrigerators, and washing machines with a personal loan. Personal loan to buy electronic has a solid reputation as a reliable loan partner. With a consumer durable loan, you can buy low-cost appliances. Instead, use the regular income to make monthly payments. Either option is possible with the loan. Stashfin offers the lowest interest rates and the most flexible payment plans for long-term purchases. The Consumer Durable Loan has the potential to improve your life in three ways: Your gadgets need an upgrade. Many modern devices have made our daily lives simpler. We’ll need their assistance at times to advance in our professions. So you deserve the finest of anything you choose to purchase for yourself, whether it’s a laptop to help you get your office work done or a mobile phone to stay in contact with your family. A personal loan for home appliances provides you with the funds you need to purchase anything large, and you may make payments over as long or as short a period as you choose. Make changes to your house. Have you ever considered learning to bake? You can now purchase the most recent microwave grill. You may get a high-definition television or a new washing machine to make laundry easier. To make your house seem like a home, you may be as creative as you like. So, a personal loan to buy electronics is indeed a lucrative option. Change your way of life. A consumer durable loan may be used to update and upgrade your property. You may finally take that long-awaited vacation since the loan will not cost you any interest and you will not have to complete a lot of paperwork. Why personal loans for homes are in such high demand? Easy verification process We will not keep you waiting, and giving you a head start will allow you to accomplish more. You may shop whenever and wherever you choose when your financing is authorized. Before Hand, EMI Credit Card Approved Our first objective is to satisfy repeat clients, so we strive to go above and beyond every time. You may apply for a pre-approved EMI card if you already have a personal loan for home appliances. Feel free to use the card to purchase whatever you want at any of the stores with whom we’ve partnered. No costs to ensure that the foreclosure procedure The EMI on a consumer durable loan may be terminated after the first payment. We do not charge any additional costs throughout the foreclosure process. What does calculating the EMI on loans for consumer durables imply in this context? Use this calculator to determine the equated monthly instalment (EMI) amount you can pay toward the loan’s principal and interest each month. Use the EMI calculator to determine your monthly payment and the total amount owed over the life of the loan. With the EMI calculator, you can easily find out how to repay your loan and make your monthly instalments. With the help of this calculator, you can figure out the EMI of a personal loan for home appliances without any tension. [B-02] Summing up The primary purpose of this article is to describe in detail the first procedures required to get your personal loan for home appliances. To trade commodities in India, you must be well-versed in the subject. The customer must know all possible tactics to avoid losing more than he can afford to replace. To be successful in commodity trading in India, you must put in a lot of time and effort. That is the best decision you can make about your personal loan for home appliances. Determine the appropriate method and consider all considerations. You must pay great attention to what has come before you. Check out Piramal Finance for more articles that are both informative and detailed.
08-11-2023
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Personal Loan

Get an Instant Personal Loan To Buy Home Appliances

Have you found the perfect home appliances for your new home or a great replacement for an old one? If you want to finance the new appliance, you can happily stop your search now. We bring to you the best way to finance home appliances: instant personal loans. By taking an instant personal loan, you would no longer need to deny yourself these necessary home appliances. [B-01] What is an instant personal loan? An instant personal loan is a type of loan that can be taken without collateral. This means you can take an instant personal loan without keeping any of your assets as security. This is unlike other kinds of loans. Loans such as house and auto loans need you to keep some of your assets as collateral. These assets are usually any property, house, gold, or other valuable assets. Instant personal loans are provided to people who have good credit scores. This means you must be one of those people who has a track record of timely loan repayment. The better your score, the better deal you’ll get. Features of an instant personal loan As said above, an instant personal loan is an unsecured loan. The loan amount depends on the income of the borrowers. Other factors like credit history, job history, and the type of lending institute also play an important role in determining the loan’s value. Personal loans usually have higher interest rates as there are no assets to back them. Instant personal loans can be used for a variety of reasons. But one of their topmost applications is financing a list of home appliances. Benefits of an instant personal loan 1. Simple access to funds It’s now simpler than ever to get the money you need with an instant personal loan. The days of waiting in lines at the lender’s branch are long gone. You can apply for a personal loan online with a few simple clicks. The entire digital process is quick and simple, taking only a few minutes. Even some lenders offer mobile-friendly websites and applications that let you borrow money wherever you are. 2. A funding solution without collateral Given your busy schedule, you might not have the time or energy to devote to laborious financial procedures. If you choose a secured loan where you must put up an asset as collateral, you may run into this issue. However, these difficulties are avoided because an instant personal loan is an unsecured offering. It’s much simpler to borrow money because you can apply without pledging assets. Thus, it is a great way to finance your list of home appliances. 3. Clear specifications mean little paperwork Leading lenders have simplified the process of applying for an instant personal loan. Many lenders will now only have minimum requirements in addition to offering collateral-free products. These will primarily evaluate your citizenship, job status, credit score, age, and annual income. Furthermore, you won’t need to bother producing a lengthy list of supporting documents. Instant personal loan providers are likely to ask for a minimal amount of paperwork, and some may even have a paperless option. 4. Quick loan approval and disbursement options Big-ticket home appliances like washing machines, televisions, air conditioners, or other devices like cell phones are frequently offered at discounts. You can swiftly close these purchases with a personal loan without depleting your resources. A few reputable lenders offer unique loan features that might ensure quick fund access. You might be able to receive immediate approval for a personal loan, depending on the lender and your financial situation. Apply online, send the required paperwork, and you’ll get the go-ahead in no time to buy your home appliances list. 5. No usage limitations An instant personal loan sanction can be used in any way, unlike other forms of finance. It can be used in any way you want and can pay for any appliance-related costs. You can use a personal loan if you suddenly change your mind about what you want to buy and can’t go through with your original plan. 6. Long-term, flexible tenure Utilising an instant personal loan is wise since it allows you to maintain your financial stability long after you have paid off the appliance. This is because you only have to make a manageable monthly instalment and don’t have to endure the full burden of large payments. Many lenders provide a repayment window of up to 60 months. Eligibility for Instant Personal Loans The requirements for personal loans vary depending on the bank. Therefore, it is wise to evaluate the eligibility requirements of various banks before choosing one. The following are the standard requirements that most banks use and that apply to most types of personal loans: For those who receive salaries: The applicant must be older than 21. The applicant’s age at the time of loan maturity should not exceed 60 years. The candidate should have worked for at least two years and spent a year at the current company. The candidate should earn between Rs. 7,500 and Rs. 15,000 per month as a minimum income. For independent contractors and business owners: The applicant must be 25 years of age or older. When the loan is due, the applicant’s age cannot exceed 65. The applicant should have three years of business or professional experience. The professional or businessperson must make at least Rs. 1 lakh annually. Documents required for an instant personal loan Regardless of the form of personal loan, banks often require income evidence, address proof, and identity proof. You must also send two passport-size pictures in addition to this. You can show proof of your income by giving your most recent bank statement or your last two years’ worth of tax returns. You can also be required to provide documentation of your employment continuity. You may do this by submitting Form 16 or your letter of appointment. A copy of your passport, PAN card, driver’s licence, voter ID, or Aadhar card may be provided as proof of identity. Depending on the type of loan, you can also be asked to complete additional paperwork. [B-02] In conclusion Visit Piramal Finance to learn more about the financial sector and how to obtain the best loans. Indian-based Piramal Finance provides financial services. It has joined the retail lending industry with a focus on consumer-oriented financing products such as personal loans, business loans, mortgage loans, and housing loans. Check them out and satisfy all your financial needs.
08-11-2023
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